Monday, August 30, 2010

More Sanctions On North Korea's Nuclear Program

Obama Widens North Korea Sanctions on Nuclear Funding -- Bloomberg

President Barack Obama widened U.S. financial sanctions on North Korea today in an effort to cut off sources of income that fund the nuclear weapons program of the regime’s leader, Kim Jong Il.

The U.S. will freeze the assets of four North Koreans, three of the country’s companies and five government agencies suspected of “illicit and deceptive activities” that support the regime’s weapons industry, according to an executive order posted on the Treasury Department’s website.

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More News On North Korean Sanctions

US to impose new North Korea sanctions - official -- BBC
US steps up N Korea sanctions -- Financial Times
North Korea punished by US over sinking of warship -- The Guardian
US wants N.Korea to show serious about denuclearization -- Reuters
US slaps new sanctions on North Korea: Treasury -- AFP

My Comment: Unfortunately, China's relations with North Korea will probably undermine these new sanctions.

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